Essential Oils in United States 2021 Exports | Imports : $856M | $1.16B, World Rnk 1 / 198 Rnk 271 / 1216 | World Rnk 1 / 216 Rnk 345 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $21.2M | $33.8M, Malaysia | Argentina
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Essential Oils: -1.15, Rnk 873 / 1029
Exports In 2021, United States exported $856M in Essential Oils, making it the 1st largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 271st most exported product in United States. The main destination of Essential Oils exports from United States are: China ($125M), Netherlands ($76.5M), Mexico ($60.8M), Canada ($58.9M), and Japan ($50.6M).
The fastest growing export markets for Essential Oils of United States between 2020 and 2021 were Malaysia ($21.2M), Ireland ($12.7M), and Mexico ($10.6M).
Imports In 2021, United States imported $1.16B in Essential Oils, becoming the 1st largest importer of Essential Oils in the world. At the same year, Essential Oils was the 345th most imported product in United States. United States imports Essential Oils primarily from: India ($224M), France ($114M), China ($91.4M), Brazil ($85.3M), and Mexico ($72.7M).
The fastest growing import markets in Essential Oils for United States between 2020 and 2021 were Argentina ($33.8M), India ($19.8M), and Mexico ($18.5M).
Tariffs In 2018, the average tariff for United States in Essential Oils was 1.18%. The countries with the highest import tariffs for Essential Oils were North Korea (Most Favoured Nation duty rate treatment, 2.01%), Cuba (Most Favoured Nation duty rate treatment, 2.01%), Burundi (Most Favoured Nation duty rate treatment, 1.67%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 1.67%), and Algeria (Most Favoured Nation duty rate treatment, 1.67%).
March 2023
Overview In March 2023 United States' Essential Oils exports accounted up to $60.4M and imports accounted up to $83.5M, resulting in a negative trade balance of $23.1M. Between March 2022 and March 2023 the exports of United States' Essential Oils have decreased by $-16.4M (-21.3%) from $76.8M to $60.4M, while imports decreased by $-19.3M (-18.8%) from $103M to $83.5M.
Destinations In March 2023, Essential Oils were exported mostly to China ($7.31M), Ireland ($5.02M), Mexico ($4.87M), Canada ($4.87M), and Japan ($4.03M), and were imported mostly from Mexico ($15.7M), India ($14.8M), Brazil ($14.4M), France ($5.98M), and Canada ($4.73M).
Growth In March 2023, the decrease in Essential Oils's year-by-year exports was explained primarily by a decrease in exports to Japan ($-3.5M or -53.3%), Canada ($-2.8M or -39.4%), and China ($-2.75M or -20%). In March 2023, the decrease in Essential Oils's year-by-year imports was explained primarily by a decrease in imports from Bulgaria ($-3.8M or -78.8%), France ($-3.48M or -37.6%), and Oman ($-1.13M or -98.2%).
EXPORT GROWTH (March 2022 - March 2023): $-16.4M, (-21.3%)
IMPORT GROWTH (March 2022 - March 2023): $-19.3M, (-18.8%)
MAIN EXPORTER (March 2023): Florida, $18.4M
MAIN DESTINATION (March 2023): China, $7.31M
This section shows Essential Oils's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Essential Oils over time.
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EXPORTS (2021): $856M
IMPORTS (2021): $1.16B
NET TRADE (2021): -$308M
In 2021, United States exported $856M in Essential Oils. The main destinations of United States exports on Essential Oils were China ($125M), Netherlands ($76.5M), Mexico ($60.8M), Canada ($58.9M), and Japan ($50.6M).
In 2021, United States imported $1.16B in Essential Oils, mainly from India ($224M), France ($114M), China ($91.4M), Brazil ($85.3M), and Mexico ($72.7M).
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Essential Oils were:
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